Trade Report: Today, PNC Financial Services Group Inc. decides to keep it stake in Monro Muffler Brake Inc. (MNRO) to the level of $29,546,000

Today, PNC Financial Services Group Inc. decides to keep it stake in Monro Muffler Brake Inc. (MNRO) to the level of $29,546,000

PNC Financial Services Group Inc. cut its stake in Monro Muffler Brake Inc. (NASDAQ:MNRO) by 38.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,035 shares of the company’s stock after selling 298,928 shares during the period. PNC Financial Services Group Inc. owned 1.45% of Monro Muffler Brake worth $29,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNRO. Suntrust Banks Inc. boosted its stake in Monro Muffler Brake by 1.9% in the second quarter. Suntrust Banks Inc. now owns 7,496 shares of the company’s stock valued at $475,000 after buying an additional 138 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Monro Muffler Brake by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,090 shares of the company’s stock valued at $260,000 after buying an additional 157 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Monro Muffler Brake by 4.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,400 shares of the company’s stock valued at $280,000 after buying an additional 200 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Monro Muffler Brake by 1.7% in the second quarter. BlackRock Advisors LLC now owns 14,822 shares of the company’s stock valued at $942,000 after buying an additional 246 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Monro Muffler Brake by 8.4% in the second quarter. Amalgamated Bank now owns 3,635 shares of the company’s stock valued at $209,000 after buying an additional 283 shares in the last quarter.

Monro Muffler Brake Inc. (NASDAQ:MNRO) traded down 1.00% during mid-day trading on Monday, hitting $59.50. 167,952 shares of the stock traded hands. The company has a market cap of $1.92 billion, a P/E ratio of 31.37 and a beta of 0.83. Monro Muffler Brake Inc. has a 12 month low of $52.05 and a 12 month high of $77.00. The company’s 50 day moving average is $57.20 and its 200 day moving average is $60.58.

Monro Muffler Brake (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.03. Monro Muffler Brake had a net margin of 6.65% and a return on equity of 11.98%. The company had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $249.32 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect that Monro Muffler Brake Inc. will post $2.08 earnings per share for the current fiscal year.

Several research firms have issued reports on MNRO. Zacks Investment Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Northcoast Research upgraded shares of Monro Muffler Brake from a “sell” rating to a “neutral” rating in a research note on Thursday, October 27th. Susquehanna began coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “positive” rating and a $66.00 target price on the stock. Finally, Gabelli began coverage on shares of Monro Muffler Brake in a research note on Thursday, August 25th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Monro Muffler Brake has an average rating of “Hold” and an average target price of $73.67.

In related news, insider John C. Lamb sold 925 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $58.17, for a total transaction of $53,807.25. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at $29,085. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig L. Hoyle sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $58.27, for a total transaction of $364,187.50. Following the sale, the insider now owns 53,500 shares of the company’s stock, valued at $3,117,445. The disclosure for this sale can be found here. Insiders own 7.70% of the company’s stock.

About Monro Muffler Brake

Monro Muffler Brake, Inc is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Related posts

Leave a Comment